3540 1ST AVENUE S, St Petersburg, FL 33711

Building Details

Architectural style

Other

Listing agent Zach Steinberger License #3438328 Show Phone

Listing office COMPASS FLORIDA LLC b***@compass.com 200 Central Ave, FL, FL Show Phone

Listing date Oct 19, 2023

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MLS# U8218053 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This permitted and approved 6-unit multifamily property is a new construction opportunity located in St. Petersburg, Florida. The property, situated on a 0.2-acre lot, offers the option to be sold as two separate triplexes. Each unit features a 3-bed/2-bath floor plan. The units are designed to maximize space and functionality, with a seamless flow between living areas, bedrooms, and kitchens. Interiors feature high-end finishes, premium fixtures, and appliances, including hardwood flooring and designer lighting fixtures. The property is projected to operate as a 10% cap rate investment with no capital expenditures required due to its new construction status. Customization options for floor plans and finishes are available with the builder. The builder projects a $1.2 million build for the property.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

St Petersburg

County

Pinellas

State

Florida

Longitude

-82.681529

Latitude

27.769756

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FAQs

What type of property is this?

Apartment building - Permitted 6-unit multifamily property, new construction, excellent investment opportunity.

Where is this apartment building located?

The property is located at 3540 1ST AVENUE S St Petersburg, FL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Permitted, approved, and shovel‑ready 6‑unit multifamily property, offering immediate development potential.; Option to purchase as two separate triplexes, providing flexible investment strategies.; Brand new construction with low insurance costs and no expected capital expenditures.